Re:A Message from Eric Yuan, CEO of Zoom
by s1artibartfast on Tuesday February 07, 2023 @02:52PM
(#34698419)
It is all in the noise financially. Mr. Yuan owns 22% of the company. He owns 22% of the salary savings on the balance sheet.
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Re:A Message from Eric Yuan, CEO of Zoom
by jonas21 on Tuesday February 07, 2023 @03:19PM
(#34698849)
In other words, he's lost $30B in the last ~2 years. Seems like a fair amount of accountability to me.
Re:A Message from Eric Yuan, CEO of Zoom
by s1artibartfast on Tuesday February 07, 2023 @03:25PM
(#34698966)
Yes, I agree that his ownership position gives him direct financial accountability for the performance of the company. He does well when it does well.
That said, the swings tech stock over the last couple years have very little to do with his leadership. Yuan is not responsible for the tech bubble and its deflation. No human on the planet could have made zoom hold its peak stock price.
Re:A Message from Eric Yuan, CEO of Zoom
by gadflyinyoureye on Tuesday February 07, 2023 @08:29PM
(#34702849)
Keep in mind that his income is probably not what he lives on. He probably gets loans with the stock. That 500 mill bump probably got him a large loan.
Re:A Message from Eric Yuan, CEO of Zoom
by s1artibartfast on Wednesday February 08, 2023 @12:13AM
(#34704389)
He probably doesn't need more stock borrow against if he has billions of dollars of equity already and a seven digit annual compensation. His stock transfers and sales are public information so you can look that up if you want. A cursory search shows that he sold at least 50 million dollars worth, which should cover some daily expenses
Re:A Message from Eric Yuan, CEO of Zoom
by georgeg23 on Tuesday February 07, 2023 @03:26PM
(#34698975)
Given the stock went up 9% on this announcement, he just made $500M.
Re:A Message from Eric Yuan, CEO of Zoom
by missedthecue on Tuesday February 07, 2023 @03:40PM
(#34699206)
Against the backdrop of losing like $5 billion over the past 12 months.
Re:A Message from Eric Yuan, CEO of Zoom
by actually_a_dog on Tuesday February 07, 2023 @05:53PM
(#34701044)
So? What's the functional difference between $6 billion and $1 billion (which is roughly what Google says his current net worth is). Unless your net worth is $500M or more, you're closer to being homeless than ever seeing that kind of wealth.
Re:A Message from Eric Yuan, CEO of Zoom
by simplotek on Tuesday February 07, 2023 @06:32PM
(#34701545)
> So?
It doesn't make sense to accuse someone of not feeling the economic impact of a downturn at all while downplaying the fact that they actually lost $5billion.
Re:A Message from Eric Yuan, CEO of Zoom
by actually_a_dog on Tuesday February 07, 2023 @06:40PM
(#34701639)
If there's no functional difference between before and after the loss, it damn well does.
Re:A Message from Eric Yuan, CEO of Zoom
by che_shirecat on Tuesday February 07, 2023 @08:04PM
(#34702590)
classic example of moving the goalposts
Re:A Message from Eric Yuan, CEO of Zoom
by actually_a_dog on Tuesday February 07, 2023 @08:36PM
(#34702923)
I haven’t moved anything. You just didn’t know where my goalposts were to begin with.
Re:A Message from Eric Yuan, CEO of Zoom
by MonkeyClub on Wednesday February 08, 2023 @06:33AM
(#34706760)
You guys are going at it like cats and dogs.
Re:A Message from Eric Yuan, CEO of Zoom
by simplotek on Wednesday February 08, 2023 @08:11AM
(#34707510)
> Tell me, how did his lifestyle change (...)
If you were serious or had devoted any thought into the issue you wouldn't even consider the silliness of framing a $5billion loss as a lifestyle issue.
Re:A Message from Eric Yuan, CEO of Zoom
by missedthecue on Thursday February 09, 2023 @12:10AM
(#34720024)
In that case, how did his life change from his net worth going up 9% after layoffs? Which was the comment I replied to.
Re:A Message from Eric Yuan, CEO of Zoom
by jimbokun on Tuesday February 07, 2023 @11:48PM
(#34704252)
5 billion dollars.
Re:A Message from Eric Yuan, CEO of Zoom
by listenallyall on Wednesday February 08, 2023 @03:47AM
(#34705717)
His point, which you failed to address with your smug response, is the well-understood fact that the utility value of money falls greatly, the more money one has. The utility of 5 billion dollars is essentially zero to someone who already has a billion.
Re:A Message from Eric Yuan, CEO of Zoom
by jimbokun on Wednesday February 08, 2023 @12:52PM
(#34711862)
The marginal utility falls, but it's a hell of a lot more than zero.
Re:A Message from Eric Yuan, CEO of Zoom
by listenallyall on Wednesday February 08, 2023 @07:11PM
(#34717726)
Other than ownership of an NFL/NBA/Premier League/etc sports team, what life satisfaction or happiness improvements are unavailable to a one-billionaire?
Re:A Message from Eric Yuan, CEO of Zoom
by jimbokun on Friday February 10, 2023 @12:05PM
(#34742413)
Many people would love to own a major sports team.
Re:A Message from Eric Yuan, CEO of Zoom
by s1artibartfast on Tuesday February 07, 2023 @03:44PM
(#34699284)
He didn't make the money because it's unrealized gains, but your point still stands. The market certainly agrees that this is a good direction for the company, and if the market is correct, he will stand to benefit eventually
Re:A Message from Eric Yuan, CEO of Zoom
by robertlagrant on Tuesday February 07, 2023 @04:47PM
(#34700258)
The phrase "net worth" claims another victim's mind.